LONDON – Major stock markets mostly rose yesterday as traders welcomed Donald Trump’s pick for Treasury secretary, while bitcoin’s push to US$100 000 ran out of steam after coming within a whisker of the mark last week. The equity gains came before key US data over coming days, which could provide fresh clues about the...
New regulations effective since 30 September 2024 have transformed how consumers send and receive money between Namibia, South Africa, Eswatini, and Lesotho, better known as the Common Monetary Area (CMA). “These changes represent a significant advancement to our cross-border payment systems,” explained Brian Katjaerua, CEO of the Bankers Association of Namibia (BAN). “While customers need...
In a deliberate pursuit to drive and achieve digital transformation, Namibia Water Corporation (NamWater), and telecommunications giant MTC, yesterday signed an agreement. The cooperative agreement will see the two institutions work jointly to lead the envisaged Water Sector Digital Transformation. The smart partnership is embarked upon with the ultimate purpose of enhancing the systems and...
In what was expected, Ethiopian Airlines Group, the continent’s leading airline without a doubt, has been awarded as “Airline of the Year – Global Operations” for the eighth time, at the African Airlines Association (AFRAA) 56th Annual General Assembly and Summit held in Cairo, Egypt. The AFRAA annual award recognises excellence in global service delivery,...
The Development Bank of Namibia (DBN) and the Swakopmund Municipal Council signed a Strategic Comprehensive Partnership Agreement (SCPA) to establish a collaborative framework aimed at driving socio-economic development at the coastal town. The SCPA aligns resources, expertise and shared objectives of the two entities to enhance Swakopmund’s infrastructure, stimulate economic growth, and improve the quality...
BAKU – Twenty-five countries at the COP29 climate summit yesterday pledged not to build any new unabated coal-power plants, in a push to accelerate the phasing out of the highly polluting fossil fuel. The United Kingdom, Canada, France, Germany and major coal producer Australia were among the list of mainly wealthy developed economies to sign...
Namibia’s potential to enhance charcoal competitiveness in the global marketplace remains hindered by branding issues. This major challenge remains a critical barrier to market infiltration because charcoal produced in Namibia is still branded with logos of international companies. “International charcoal buyers are protecting their market and prioritising branding imported products with their logos to keep...
Gondwana Collection Namibia has opened a state-of-the-art Namibia2Go facility at Hosea Kutako International Airport. The company has noted that the facility marks a milestone that underscores its commitment to redefining travel experiences in the country. “This new facility is more than just a car rental hub—it reflects Gondwana’s vision of excellence, innovation and service. The...
Nedbank Namibia was this week awarded the Institute of People Management (IPM) Human Resources Centre of Excellence Award of the Year at the 14th Annual IPM Namibia Conference. The conference took place on Tuesday in Windhoek, where Nedbank was recognised for its work in the wellness department, particularly through the establishment of its Campus On-Site...
The domestic charcoal industry is grappling with pressing challenges, particularly concerning the treatment of undocumented workers. A recent report on the industry reveals a significant number of charcoal cutters and burners on farms are undocumented Angolan immigrants, primarily from the Ovazemba indigenous community. The report stipulates that many of these workers often find themselves without...